NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Statutory Auditors’ report on the consolidated financial statements

Statutory Auditors’ report 5.2 on the consolidated financial statements

Fiscal year ended December 31, 2019

Furthermore, the non-audit services that we provided to your Company and its controlled undertakings during the fiscal year that are not disclosed in the management report or the notes to the consolidated financial statements are as follows: PricewaterhouseCoopers Audit: the main engagements conducted V in fiscal year 2019 concerned certification, comfort letters issued in connection with issuance programs, reviews of compliance procedures and services provided as part of restructuring measures. Deloitte & Associés: the main engagements conducted in fiscal V year 2019 concerned reviews of reporting compliance, either as required by regulations or requested by the regulators, the independent third-party body engagement on the CSR information in the management report, comfort letters issued in connection with issuance programs and certification. Observation Without prejudice to the opinion expressed above, we draw your attention to the changes to the accounting methods relative to the first-time application of IFRS 16 “Leases” and IFRIC 23 “Uncertainty over Income Tax Treatments”, as described in Note 1 “Basis of presentation” and in Note 2 “Impact of the first-time application of IFRS 16 at January 1, 2019” to the consolidated financial statements. Justification of assessments – Key audit matters Pursuant to the provisions of Articles L. 823-9 and R. 823-7 of the French Commercial Code (Code de commerce) relating to the justification of our assessments, we draw to your attention the key audit matters relating to risks of material misstatement that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period, as well as how we addressed those risks. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion expressed above, and we do not provide a separate opinion on specific items of the consolidated financial statements.

To the General Shareholders’ Meeting

Opinion In compliance with the engagement entrusted to us by your General Shareholders’ Meeting, we have audited the accompanying consolidated financial statements of the Natixis Group for the year ended December 31, 2019. In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as at December 31, 2019, and of the results of its operations for the year then ended, in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. The audit opinion expressed above is consistent with the content of our report to the Audit Committee. We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under these standards are further described in the “Statutory Auditors’ responsibilities for the audit of the consolidated financial statements” section of our report. Independence We conducted our audit engagement in compliance with the independence rules applicable to us, for the period from January 1, 2019 to the date of our report and specifically we did not provide any services that are prohibited under Article 5, section 1, of Regulation (EU) No 537/2014 or under the French Code of Ethics ( Code de déontologie ) for Statutory Auditors. Basis for opinion Audit framework

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019